Sierra Leone's largest diamond-mining company, Koidu Holdings, says it has secured funding for the $150-million expansion at the Koidu kimberlite project and implementation is gaining momentum. CEO Jan Joubert reports that the expansion project incorporates all the currently evaluated kimberlite resources on the property. The richer Kl pipe, which was mined by vertical pit methods between 2005 and 2007, is currently being redeveloped to be brought back into production by the end of this year.
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